Denver Association of Real Estate Investors DAREI Denver

Denver Association of Real Estate Investors “DAREI”

Denver Association of Real Estate Investors www. DAREI. club Visit our site and sign up! www. Facebook. com/Denver-Association-of-Real-Estate-Investors-DAREI Like our page! http: //www. meetup. com/Denver. Real. Estate. Investments/ Just search DAREI on any of these networks “DAREI”

SPONSORS We are now Accepting Additional Sponsors! See us for Details “DAREI”

DAREI Yearly Membership $159. 00 - Individual $199. 00 - 2 person team/couple ASK ABOUT 1 ON 1 MENTORING 720 -331 -2012 "A mentor is someone whose hindsight can become your foresight"

Agenda • Networking • Introduction - Mike Mangham • Sponsors • Presentation - Mike Mangham • Haves and Wants “DAREI”

Wholesaling Contracts & Working with Title Companies Use the proper Purchase Contract between you and the Seller when you are direct to Seller. DORA We Contract (offer in a disposable LLC) sell contracts to our Investors in 1 of 2 ways: Assignment LLC of Contract Transfer

ASSIGNMENT OF CONTRACT Contract between You and the Seller MUST be assignable Direct to Seller = Easy Working with an Agent = Not so Easy

LLC TRANSFER Use this technique when Wholesaling REO’s, Short Sales and when the Seller won’t allow assignment. Must setup LLC correctly Must have proper Operating Agreement

Along with the proper Operating Agreement, you will need the following: Company Assigns Resolution Statement new buyer as member of LLC Statement Signature of Authority Block Disclosure Statement This is how you GET PAID

OTHER WHOLESALE CLOSING TECHNIQUES Double Close Wet (costs money) Dry (requires full disclosure) Selling Close Trusts (change beneficiary) on Property, then re-sell

TURNING NON-ASSIGNABLE CONTRACTS INTO ASSIGNABLE CONTRACTS Amendment to change Contract to Assignable Negotiate change during Inspection Period after Earnest Money Delivered mdhomeacquisitions@hotmail. com